An attacker bought $4M of BONK, pushed a malicious proposal through BonkDAO's token-weighted vote, and drained $20M from the treasury. The vote was valid.

Read the full article: https://www.spendnode.io/blog/bonkdao-governance-attack-20m-treasury-drain-july-2026/

Richard Heathcote, Tether's ex-CIO, is working with PJT Partners to sell part of his 1.26% stake. At the $500B valuation Tether floated, that slice is worth billions.

Read the full article: https://www.spendnode.io/blog/tether-former-cio-heathcote-stake-sale-july-2026/

Oobit users can now send Litecoin straight to a bank account with no stablecoin or fiat conversion step first. Fees and country coverage are not yet published.

Read the full article: https://www.spendnode.io/blog/oobit-direct-litecoin-bank-transfers-july-2026/

The White House says the US is working to structure its Strategic Bitcoin Reserve. Bloomberg reports two departments are fighting over who gets to run it.

Read the full article: https://www.spendnode.io/blog/white-house-structuring-strategic-bitcoin-reserve-turf-war-july-2026/

Strategy sold 3,588 BTC for $216M to fund preferred dividends, its first large-scale sale ever. Holdings drop to 843,775 BTC as the math trap tightens.

Read the full article: https://www.spendnode.io/blog/strategy-sells-3588-btc-216m-dividends-july-2026/

WSJ says Strategy is caught in a math trap: 847,363 BTC underwater, mNAV near 0.80, and a $1.2B annual preferred dividend bill. The flywheel has reversed.

Read the full article: https://www.spendnode.io/blog/strategy-bitcoin-math-trap-flywheel-reverse-july-2026/

South Korea's Supreme Court proposed Civil Execution Rules for seizing and liquidating crypto, letting courts convert illiquid tokens to Bitcoin from October 2026.

Read the full article: https://www.spendnode.io/blog/south-korea-supreme-court-crypto-seizure-rules-october-2026/

Ripple received its EU CASP license from Luxembourg's CSSF on July 6, making it fully MiCA-compliant and able to passport crypto services across the EEA.

Read the full article: https://www.spendnode.io/blog/ripple-mica-casp-license-luxembourg-eea-july-2026/

Coinspect discloses Ill Bloom, a weak-randomness flaw in seed phrase generation across Bitcoin, Ethereum, Tron and more. $5M drained since May 27. How to check.

Read the full article: https://www.spendnode.io/blog/ill-bloom-seed-phrase-flaw-5m-drained-coinspect-july-2026/

Visa data shows stablecoins settled a record $1.79 trillion in June 2026, up 63% from May. The spike landed in a Fear market, not a speculative mania.

Read the full article: https://www.spendnode.io/blog/stablecoin-volume-record-1-79-trillion-june-visa-july-2026/